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Global Industrial Wireless Sensors Market 2017-2021

Global Industrial Wireless Sensors Market 2017-2021

About Industrial Wireless Sensors

The global industrial wireless sensors market is extremely dynamic, with the rapid technological advances strengthening its products and applications. The need for monitoring and analyzing real-time data is one of the major factors spurring the use of industrial wireless sensors. These industrial sensors are transducers that alter a physical quantity into electrical signals. The signal indications are processed through an electronic automation system and portray physical variations or error signals in the device or instrument. Based on this, industrial wireless sensors are classified into the following types: flow, temperature, pressure, gas sensors, and others. The 'others' segment includes proximity, level, position, bio, velocity and vibration sensors. These industrial sensors have a high degree of precision, reliability, range, variety and sensitivity, and enable advanced control and automation of industrial processing units.

Technavio’s analysts forecast the global industrial wireless sensors market to grow at a CAGR of 11.09% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial wireless sensors market for 2017-2021. To calculate the market size, the report focuses on the current and forecast market conditions of the major industrial wireless sensor products and the end-users, which will impact the growth of the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Wireless Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of operating in this market.

Key vendors
  • ABB
  • Honeywell International
  • Rockwell Automation
  • Siemens AG
Other prominent vendors
  • Baumer
  • Curtiss-Wright Corporation
  • Danfoss
  • Emerson
  • General Electric
  • JUMO
  • ProTAACS
  • SCHMIDT Technology
  • Schneider Electric
  • Shanghai Yuanben Magnetoelectric Tech
  • Shenzhen Sensor Electronic Technology
  • SIKO
  • Texas Instruments Incorporated
  • Johnson Controls International plc
  • Yokogawa Electric Corporation
Market driver
  • Increased flexibility and cost reduction of wireless sensor network.
  • For a full, detailed list, view our report
Market challenge
  • Variations in network signals in harsh environments.
  • For a full, detailed list, view our report
Market trend
  • Higher adoption of wearable devices in industrial environments.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are in this market space?
  • What are the market opportunities and threats faced by the key vendors??
  • What are the strengths and weaknesses of the key vendors??


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Wireless Sensors Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial wireless sensors market: ABB, Honeywell International, Rockwell Automation, and Siemens AG.

Other Prominent Vendors in the market are: Baumer, Curtiss-Wright Corporation, Danfoss, Emerson, General Electric, JUMO, ProTAACS, SCHMIDT Technology, Schneider Electric, Shanghai Yuanben Magnetoelectric Tech, Shenzhen Sensor Electronic Technology, SIKO, Texas Instruments Incorporated, Johnson Controls International plc, and Yokogawa Electric Corporation.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is high growth potential in emerging economies. In emerging economies, many businesses are small and medium scale and in most cases, cannot fully incorporate sensor devices for manufacturing or other business activities. This is because the capital investment required for the procurement of industrial wireless sensors is high. With the increasing availability of industrial wireless sensors in recent years coupled with some reduction in the cost of such industrial wireless sensors, there has been a substantial increase in penetration. However, the market for industrial wireless sensors is still a nascent market in developing economies. However, with the growth in industrial development, high investments, and rise in infrastructure facilities, it is estimated that the emerging and developing countries will become the major customers of industrial wireless sensors. With the maturity of the wired industrial sensors market, the growth in the global industrial wireless sensors market is expected to kick off. By 2018, the penetration of the global industrial wireless sensors market is expected to be substantial.”

According to the report, one driver in market is increasing demand for wireless sensors in oil and gas industry. Worldwide, economic development has led to a significant growth in many countries across the globe, especially in the developing and Organization of the Petroleum Exporting (OPEC) countries. As a result, the demand for energy and power is continuously increasing, which has given rise to the demand for oil and gas globally. Following the rise in the demand for oil and gas worldwide, the global oil and gas industry is focusing on the efficient supply of crude oil. To cater to the growing demand, oil and gas companies need to expand their exploration opportunities and upgrade their existing processes to withstand the pressure of the growing demand. It is also further challenged by the low prices of crude oil from 2014, which brought many E&P projects to a halt, with some projects even being canceled. To increase productivity and to achieve energy efficiency, oil and gas companies are focusing on the effective deployment of wireless sensors in their plants, refineries, and production sites. This helps the companies to meet the growing demand and to ensure that the increase in energy consumption and achieving operational efficiency will drive the market. Therefore, the demand for industrial wireless sensors for applications in the oil and gas industry is increasing, thereby contributing to the growth of the global industrial wireless sensors market.

Further, the report states that one challenge in market is high cost of bandwidth. Industrial wireless sensors are used widely with sensor networks, which connect the device to the control room. Industrial wireless sensor network operations are available with both licensed and unlicensed bandwidth. The licensed bandwidth reduces the interruptions and other interferences with any other devices. However, licensed bandwidth is more expensive than an unlicensed bandwidth. Hence, these costly bandwidths are used only by large-scale industries and big organizations. Due to the high cost of the bandwidth, SMEs find it unaffordable to operate their industrial wireless sensor networks on licensed bandwidths. This makes the SMEs rely on unlicensed bandwidths. Unlicensed bandwidths such as 915 MHz and 2.4 GHz are being used for industrial wireless sensor networks across industries throughout the world. There is a continual disagreement between the large-scale industries and SMEs in deciding bandwidths for industrial wireless sensor networks. Hence, the high cost of bandwidths creates a barrier to the standardization of industrial wireless sensor network technologies.

Companies Mentioned

ABB, Honeywell International, Rockwell Automation, Siemens AG, Baumer, Curtiss-Wright Corporation, Danfoss, Emerson, General Electric, JUMO, ProTAACS, SCHMIDT Technology, Schneider Electric, Shanghai Yuanben Magnetoelectric Tech, Shenzhen Sensor Electronic Technology, SIKO, Texas Instruments Incorporated, Johnson Controls International plc, and Yokogawa Electric Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Market landscape
    • Market size and forecast
      • Table Global industrial wireless sensors market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Market segmentation based on products
      • Table Global industrial wireless sensors market by product 2016 and 2021 (%)
    • Global industrial wireless flow sensors market
      • Table Global industrial wireless flow sensors market 2016-2021 ($ billions)
    • Global industrial wireless temperature sensors market
      • Table Global industrial wireless temperature sensors market 2016-2021 ($ billions)
    • Global industrial wireless gas sensors market
      • Table Global industrial wireless gas sensors market 2016-2021 ($ billions)
    • Global industrial wireless pressure sensors market
      • Table Global industrial wireless pressure sensors market 2016-2021 ($ billions)
    • Global industrial wireless other sensors market
      • Table Global industrial wireless other sensors market 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Market segmentation by end-user 2016 and 2021 (%)
    • Global industrial wireless sensors market in industrial sector
      • Table Global industrial wireless sensors market in industrial sector 2016-2021 ($ billions)
    • Global industrial wireless sensors market in other sectors
      • Table Global industrial wireless sensors market in other sectors 2016-2021 ($ billions)
    • Global industrial wireless sensors market in energy sector
      • Table Global industrial wireless sensors market in energy sector 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global industrial wireless sensors market share by region 2016 and 2021 (%)
    • Industrial wireless sensors market in Americas
      • Table Industrial wireless sensors market in Americas 2016-2021 ($ billions)
    • Industrial wireless sensors market in APAC
      • Table Industrial wireless sensors market in APAC 2016-2021 ($ billions)
    • Industrial wireless sensors market in EMEA
      • Table Industrial wireless sensors market in EMEA 2016-2021 ($ billions)
  • Key leading countries
    • Table Key Leading Countries
  • Decision framework
  • Drivers and challenges
    • Market Drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market Challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • High growth potential in emerging economies
    • Process industry increasingly goes wireless
    • Higher adoption of wearable devices in industrial environments
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business Segments
      • Table ABB: Products
      • Table ABB: Key highlights
    • Honeywell International
      • Table Honeywell International: Business Segments
      • Table Honeywell International: Products
      • Table Honeywell International: Highlights
    • Rockwell Automation
      • Table Rockwell Automation: Business Segments
      • Table Rockwell Automation: Products
      • Table Rockwell Automation: Highlights
    • Siemens AG
      • Table Siemens AG: Business Segments
      • Table Siemens AG: Products
      • Table Siemens AG: Highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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